re: Senior citizens owe $18 billion in student loans

I just put in my deferment for another year this year. It's only 13k and I plan on paying it much later in life with inheritance.

Right now I'm investing in retirement and growing my family.

These threads usually devolve into "personal responsibility" tirades, but they usually ignore the macro issues the whole higher education circle jerk apparatus is causing.

We're creating a situation where we I can only imagine; those that "should" be in college start opting out, heading into less debt burdened careers at lesser pay, however, their entrance further depressing those wages as supply increases. If the career is well paying, again, worker supply should push wages down.

Those that take the chance are playing with fire, but on a larger level we see shortages across the board in those careers. Plus I'm not sure this will appreciably lower college costs due to falling demand, since the feds guarantee payment, the schools will up tuition further to make up for who opted out.

It's bad news, outside of the whole "Pay your debts" crowd.